Jones Financial Companies Lllp Sells 237,862 Shares of The Walt Disney Company $DIS

Jones Financial Companies Lllp lowered its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 76.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,815 shares of the entertainment giant's stock after selling 237,862 shares during the period. Jones Financial Companies Lllp's holdings in Walt Disney were worth $7,960,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Walt Disney by 663.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 34,138 shares of the entertainment giant's stock worth $3,369,000 after buying an additional 29,668 shares in the last quarter. Aberdeen Wealth Management LLC lifted its stake in shares of Walt Disney by 2.7% in the first quarter. Aberdeen Wealth Management LLC now owns 7,533 shares of the entertainment giant's stock worth $743,000 after buying an additional 201 shares in the last quarter. Teza Capital Management LLC lifted its stake in shares of Walt Disney by 16.6% in the first quarter. Teza Capital Management LLC now owns 33,975 shares of the entertainment giant's stock worth $3,353,000 after buying an additional 4,847 shares in the last quarter. Triavera Capital LLC lifted its stake in shares of Walt Disney by 15.7% in the first quarter. Triavera Capital LLC now owns 83,605 shares of the entertainment giant's stock worth $8,252,000 after buying an additional 11,365 shares in the last quarter. Finally, Permanens Capital L.P. lifted its stake in shares of Walt Disney by 25.1% in the first quarter. Permanens Capital L.P. now owns 45,149 shares of the entertainment giant's stock worth $4,456,000 after buying an additional 9,046 shares in the last quarter. Institutional investors own 65.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIS. Barclays upped their target price on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital upped their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Citigroup increased their price objective on shares of Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. UBS Group increased their price objective on shares of Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.18.

Walt Disney Stock Up 0.7%

Shares of DIS stock opened at $118.77 on Tuesday. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The stock has a market cap of $213.54 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.71 and a beta of 1.55. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $118.90 and a two-hundred day simple moving average of $108.84.

Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The business had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. On average, research analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.